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France issues ‘red alert’ over heatwave in south
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Global equities rise as traders await Fed meeting, eye earnings
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Storm Hilary slams Southwest U.S. with heavy rain
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US, Brent crude futures stabilize after negative turn
Paris bans pony rides for children following animal rights campaign
Date: August 18, 2023
Paris bans pony rides for children following animal rights campaign By Antonia Cimini and Antony Paone PARIS (Reuters) – Paris will ban pony rides for children in its public parks from 2025 following a campaign by animal rights activists who argue that the ponies are not well treated. Pony rides have been a popular feature...
UBS upgrades global equities’ rating to ‘neutral’
Date: August 18, 2023
UBS upgrades global equities’ rating to ‘neutral’ (Reuters) – Economists at UBS have upgraded their rating for global equities, citing recent economic and inflation data coming in ahead of estimates and stronger-than-expected growth in the U.S. economy, with less likelihood of a recession. The brokerage, which raised its rating on global equities to “neutral” from...
Euro zone inflation fall confirmed, easing pressure on ECB to hike
Date: August 18, 2023
Euro zone inflation fall confirmed, easing pressure on ECB to hike FRANKFURT (Reuters) – Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat data showed on Friday, easing pressure on the European Central Bank to keep raising rates after its fastest rate-hike cycle on record. The ECB has lifted...
British consumers curb their shopping in rainy July
Date: August 18, 2023
British consumers curb their shopping in rainy July By William Schomberg and William James LONDON (Reuters) -British retailers reported a bigger-than-expected drop in sales in July as heavy rain put off shoppers who are also feeling the hit from high inflation and 14 back-to-back increases in interest rates. Official data showed sales volumes last month...
Nike v. Adidas: Soccer World Cup sponsors gear up for England, Spain finale
Date: August 18, 2023
Nike v. Adidas: Soccer World Cup sponsors gear up for England, Spain finale By Katherine Masters, Amy Tennery and Helen Reid NEW YORK/LONDON (Reuters) -When England and Spain face off in Sunday’s Women’s World Cup final, there will be more than sporting pride at stake. A potential multimillion dollar sales boost is also on the...
Dollar set for fifth winning week on Fed bets, China worries
Date: August 18, 2023
Dollar set for fifth winning week on Fed bets, China worries By Kevin Buckland TOKYO (Reuters) – The dollar was set for a fifth winning week versus major peers, making it longest winning streak for 15 months, buoyed by expectations U.S. interest rates will stay high for longer, and by a shift to safer assets...